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Comparing Cayman, ADGM and Delaware holding structures
Comparing Cayman, ADGM and Delaware holding structures
Updated this week

Cayman Islands

ADGM

Delaware

How much does it cost?

Incorporation fee: USD 3,250

Renewal fee: USD 2,990

Incorporation fee: USD 3,250

Renewal fee: USD 3,195

Incorporation fee: USD 499

Renewal fee: USD 748

How long does it take?

5 โ€“ 7 working days

5 - 7 working days

1 - 2 working days

What is the process?

Online incorporation on the Clara platform. Purchase the formation package and submit the KYC documents on Clara.

Online incorporation on the Clara platform. Purchase the formation package and submit the KYC documents on Clara.

Online incorporation on the Clara platform. Submit the company information and purchase the formation package.

Is my company required to carry out certain activities to demonstrate economic substance?

No

What are the tax considerations?

Tax free jurisdiction

Tax free jurisdiction

Taxes apply.

No state tax other than the annual franchise tax. You could be subject to federal taxes on income, dividends and upon a sale.

Always seek legal and tax advice to understand any consequences of setting up in Delaware.

Am I required to have a director who is a resident in the jurisdiction?

No

No. However a UAE resident or GCC National is required to be appointed as an Authorised Signatory. A nominee can be appointed.

No

Are multiple classes of shares allowed?

Yes

Yes

Yes

Are there restrictions on shareholders or capital?

None

None

None

Other points to consider

All companies in the Cayman Islands renew on 31 December regardless of the date of incorporation.

Opening a bank account in the UAE requires a UAE identity card with the exception of some digital banking providers

May need to obtain a Tax ID number.

There are annual fees and tax due on 1 March every year.

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